
25 February 2025 | 2 replies
Just not a big fan of the ups and downs personally

27 February 2025 | 0 replies
Here’s a breakdown of the pros and cons of each approach based on my experience:Tenant Swapping:Pros:Tenant Retention: Keeps the property occupied, which helps avoid vacancy periods.Minimizes Turnover Costs: No need for cleaning, marketing, or re-screening tenants if the new person is already known.Flexibility for Tenants: Can be seen as a more tenant-friendly approach, allowing them to find a replacement without facing penalties.Cons:Risk of Unknown Tenants: The new tenant might not be as reliable as the original one, leading to potential issues down the line.Lease Violations or Delays: If the new tenant doesn’t meet the lease requirements or fails to sign a new agreement, this can lead to complications.Operational Complexity: Keeping track of the lease terms, managing paperwork, and ensuring proper screening for new tenants can increase administrative work.Notice for All (One Notice to Vacate for Everyone):Pros:Clear Expectations: Everyone knows what’s expected, and there are no surprises with last-minute tenant changes.Consistency: Easier to manage leases and tenant turnover with a straightforward system.Quality Control: You can screen all tenants that are moving in, ensuring the new occupant meets your standards.Cons:Longer Vacancy Periods: The property may stay vacant for longer, especially if finding a replacement tenant takes time.Tenant Frustration: Current tenants may not be happy with the requirement to vacate, even if they want to stay.Marketing and Re-screening Costs: You’ll have to go through the process of finding and screening new tenants, potentially leading to increased costs and downtime.I’d love to hear what others are doing!

1 March 2025 | 11 replies
. (#1 appreciating city 2023)I personally make well over $100k/yr cash flow from 21 properties here.

28 February 2025 | 9 replies
I have personally house hacked for over 10 years and continue to do it to this day, right here is St.

5 March 2025 | 5 replies
It is my understanding that it isn't like traditional loans like mortgages based on personal debt to income ratios but more about the properties income potential?

28 February 2025 | 15 replies
He told me to fill in an application that asked me personal questions, like goals, financial status etc and then have a call with one of his sales guys.

4 March 2025 | 4 replies
I'd also check if she's currently on her utility bills (if they are tied to the house rather than the person living there).

18 February 2025 | 6 replies
They have installers as well.Take a look at Engineered Wood floors since this is your personal residence.

5 March 2025 | 3 replies
Hey @Kyle McVay Do you own the property in your personal name or under an LLC?